Karachi: Pak Datacom Ltd. has announced a significant change in its management structure following a decision to place its Chief Executive and Executive Director, Syed Zulfiqar Ali, on forced leave. This decision takes immediate effect from July 25, 2025, as the company initiates a special audit process. The details were released in an official statement addressing the stakeholders and the market.

The company has appointed Mr. Ali Saleem Rana as the Acting Chief Executive and Acting Executive Director, effective from the same date. Mr. Rana will continue his current role as Company Secretary alongside his new responsibilities. According to the company, this leadership change is part of the broader efforts to ensure transparency and accountability during the ongoing audit.

The reconstituted board now includes Mr. Zomma Mohiuddin as Chairman and Non-Executive Director, along with other directors, namely Mr. Muhammad Izqar Khan, Syed Junaid Imam, Engr. Perwaiz Khan, Ms. Rubina Safir, Mr. Shamim Ahmed Sherazi, and Mr. Muhammad Waheed. Notably, Ms. Rubina Safir joins as an Independent Female Director, reflecting the company's commitment to diverse representation.

According to information available from the Pakistan Stock Exchange (PSX), the market is closely observing these developments as Pak Datacom Ltd. is a key player in the designated market category. The implications of this leadership transition, coupled with the results of the special audit, are expected to influence the company's trajectory and investor confidence.

The company has requested that the TRE Certificate Holders of the Exchange be informed about these changes. The new leadership team is anticipated to guide Pak Datacom Ltd. through this transitional phase, aiming to uphold the organization's integrity and strategic objectives.